Latest news with #Policy
Hindustan Times
20 hours ago
- Politics
- Hindustan Times
Himachal: 700 home guard volunteers to be recruited
The state cabinet, in its meeting under the chairmanship of chief minister Sukhvinder Singh Sukhu, on Saturday decided to fill 700 posts of home guard volunteers in the home guards and civil defence department. It also gave nod to regularise the services of 203 panchayat secretaries (zila parishad cadre) who have completed two years of contractual services on March 31. The cabinet also approved an amendment to the Postgraduate/Specialist Services (PG/SS) Policy by withdrawing the mandatory requirement of one-year field posting prior to eligibility for senior residency at Indira Gandhi Medical College (IGMC), Shimla, and Dr Rajendra Prasad Government Medical College, Tanda. The decision has been taken in line with the policy followed at AIIMS, Chamiyana. The amendment is aimed at streamlining the selection process, ensuring fairness and bringing coherence between the implementation of the Resident Doctor Policy and the PG/SS Policy. Apart from this, the cabinet approved shifting of the Himachal Pradesh Real Estate Regulatory Authority (RERA) office from Shimla to Dharamshala. This will be the third office to shift to Dharmashala after Himachal Pradesh Tourism Development Corporation (HPTDC) and office of Principal Chief Conservator of Forests (PCCF) Wildlife Wing. Relocating the office is not just to decongest Shimla but also part of a cost-cutting exercise by the government to shift offices operating from rented buildings in state's capital to vacant facilities in Dharamsala – the winter capital of Himachal Pradesh. As in 2010, the cabinet gave its in-principle approval to start de-novo reservation roster for the members and chairpersons of Panchayati Raj Institutions. It allowed the Himachal Pradesh Forest Development Corporation to collect minor minerals and carry out dredging operations in rivers and ponds located in forest areas across the state, with the aim of better source management and environmental sustainability. It decided to bifurcate the Elementary Education Block, Ramshahar, Solan district, by creating a new block in Baddi along with creation and filling up of the requisite posts to ensure smooth functioning. It also decided to re-organise the development blocks of Sulah, Bhawarna and Lambagaon of Kangra district and Bharanj of Hamirpur district to facilitate the people of these areas.
Mint
20 hours ago
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Securities suggests HEG, Larsen & Toubro shares to buy on June 2
Stock market today: The Indian stock markets saw declines for the second week in a row, with both the Nifty 50 and Sensex dropping by nearly 0.4%, ending the week at 24,750 and 81,451, respectively, on May 31. Meanwhile, the Bank Nifty index showed better performance, rising by 0.63% to finish at 55,749, thanks to robust results in the banking sector. Experts note that domestic economic indicators are promising, such as an improved monsoon forecast, a stable inflation trend, and an encouraging Q4 GDP growth rate of 7.4%, which could mitigate risks. The market appears to be anticipating a 25 bps rate cut, which would enhance projections for sectors sensitive to interest rates. While the favourable macroeconomic conditions may uplift investor confidence, the stability of the wider market will rely on substantial earnings growth and diminishing trade disputes. On the technical front, Dharmesh Shah, Vice President at ICICI Securities, expects Nifty 50 to consolidate in the broader range of 25,100-24,500 amid positive bias. Shah has recommended two stocks to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmark relatively underperformed its global peers as Nifty 50 dropped 0.5% for the week compared to Dow Jones which gained 1.5%. Meanwhile, broader market endured its outperformance by gaining 1% supported by traction in Capital Goods, PSU Bank and energy sectors. The weekly price action formed a small bear candle, indicating extended breather. Going ahead, we expect prolongation of consolidation in the broader range of 25,100-24,500 amid positive bias wherein stock specific action would prevail. The past two weeks healthy consolidation while sustaining above 20 days moving average depicts inherent strength. In addition to that, formation of higher peak and trough backed by improving market breadth makes us believe, index would eventually resolve above upper band of consolidation and head towards 25,500 in the month of June. Further, we expect volatility to subside gradually as we approached the fag end of earning season and focus will now shift towards upcoming RBI's Policy (to be released on next Friday). Consequently, rate sensitives like financials, auto, realty would be in focus. Key thing to highlight is that, the index has staged a strong 15% rally from April lows. Post that, Nifty 50 has been consolidating over past two weeks wherein it corrected 3%. The elongation of rallies followed by shallow retracement is a is key ingredient of a structural bull market. Hence, we believe ongoing consolidation would set the stage for next leg of up move towards 25,500 wherein strong support is placed at 24,200. On the broader market front, the ratio chart of Nifty 500 / Nifty 100 has staged a strong rebound after finding support from multi years range breakout area. The rising ratio line highlights relative outperformance of the broader market compared to large caps. Meanwhile sector rotation underpinned by improvement in market breadth augurs well for durability of ongoing optimism in the midcap and small cap space. Key monitorable which would validate our positive bias going ahead: a. GDP data b. RBI's commentary on rate cut c. Persistent FII's inflow d. Further weakness in US Dollar index and Brent crude oil prices e. Bilateral Trade Agreement between India and US Dharmesh Shah of ICICI Securities recommends buying HEG, and Larsen & Toubro shares to buy tomorrow. Buy Larsen & Toubro shares in the price range of ₹ 3,420-3,672. He has Larsen & Toubro share price target of ₹ 3,928, and suggests maintaining a stop loss of ₹ 3,264. Buy HEG shares in the price range of ₹ 493-522. He has HEG share price target of ₹ 578, and suggests maintaining a stop loss of ₹ 467. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 30/05/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Reuters
a day ago
- Business
- Reuters
Argentina protests flare after Congress fails to vote on pension hike
The court again showed its willingness to back his hardline approach to immigration while signaling reservations with how he is carrying it out. REUTERS/Rebecca Noble
Reuters
a day ago
- Entertainment
- Reuters
Immersive soccer experience in Buenos Aires blends sport and music
The court again showed its willingness to back his hardline approach to immigration while signaling reservations with how he is carrying it out. REUTERS/Rebecca Noble
Business Journals
2 days ago
- General
- Business Journals
Remitly opens new downtown Seattle headquarters, with expansion in the works
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